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12. Credit card issuers must by law print their Annual Percentage Rate (APR) on their statements. If the APR is stated to be 8%, with interest compounded quarterly, what is the interest rate . per quarter ? (Periodic rate, not EFF) a. 2%. b. 4%. c. 8%. d. 12% . e. 8.24%. 13. You plan to invest some money in a bank account. ................
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